The company invests on behalf of institutional investors, most of which have charitable, educational, or nonprofit missions, and seeks to partner with companies with a strong sense of purpose.
Firecrawl raises $75 million in a Series B led by Smash Ventures to expand its web-data platform for AI agents. The company also introduces Alexandria, a cloud service that combines web data with third-party information and curated datasets, including tens of millions of scientific paper abstracts and code and documentation files. Firecrawl plans to use the funding to add data providers and launch a self-service content licensing system.
MarqVision raises $48 million in a Series B to expand its AI-powered brand-protection platform and global operations. Led by Peak XV Partners, the round includes Salesforce Ventures, HSG, Coral Capital, Michael Seibel, and returning investors, bringing total funding to about $90 million. The company plans to invest in AI and engineering, enterprise readiness, and regional expansion as it enters Japan; it serves more than 350 customers and has surpassed $20 million in annual recurring revenue.
Altos Ventures raises $500 million for its latest and largest fund, according to SEC filings. The nearly 28-year-old firm manages more than $7 billion across over 15 funds and has backed companies including Coupang, Roblox, PandaDoc, and Quizlet; PitchBook data puts its portfolio at nearly 250 companies. The fundraising comes as emerging managers face a tougher market and venture valuations soften.
Nov 2024TechCrunchNews article
Altos Ventures
Altos Ventures: A global venture capital firm providing financing services to IT industries.
